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Fed Hike Odds Surge, Jobless Claims Drop to 1969 Low

7/24/2026

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Story summary
  • Fed Chair Kevin Warsh spoke after the June 17, 2026 FOMC meeting on NYSE floor.
  • FedWatch futures price an 82% chance of a September hike and a 38% chance of a quarter-point increase, up from below 53% and under 12%.
  • Brent crude hit $100 a barrel on Thursday as U.S.–Iran tensions rose.
  • Initial jobless claims fell to 187,000 for the week ended July 18, the fewest since 1969.